''Annual Stress Test Reporting Templates and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion or More under Dodd-Frank''

ICR 201407-3064-001

OMB: 3064-0189

Federal Form Document

ICR Details
3064-0189 201407-3064-001
Historical Active 201303-3064-004
FDIC
''Annual Stress Test Reporting Templates and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion or More under Dodd-Frank''
Revision of a currently approved collection   No
Regular
Approved without change 01/22/2015
Retrieve Notice of Action (NOA) 12/18/2014
  Inventory as of this Action Requested Previously Approved
01/31/2018 36 Months From Approved 03/31/2017
26 0 26
122,368 0 122,368
0 0 0

On October 15, 2012, the FDIC published in the Federal Register (77 FR 62417) a final rule on annual stress testing (Annual Stress Test Rule) that is applicable to all state nonmember banks and state savings associations with over $10 billion in total consolidated assets (covered banks) pursuant to the requirements of section 165(i)(2) of the Dodd-Frank Act Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Board) issued annual stress test final rules for their regulated entities near in time to the FDIC's Annual Stress Test Rule. The regulations across the banking agencies are consistent and comparable as required by the Dodd-Frank Act. The Dodd-Frank Act stress testing requirements apply to all covered banks (those with over $10 billion in total consolidated assets), but the FDIC recognized that the stress tests for covered banks with consolidated total assets of $50 billion or more would be applied to more complex portfolios and therefore warranted a broader set of reports to adequately capture the results of the company-run stress tests. These reports necessarily required more detail than would be appropriate for smaller, less complex institutions. Therefore, in coordination with the other Federal banking agencies, the FDIC specified separate reporting templates: (1) for covered banks with total consolidated assets of greater than $10 billion and less than$50 billion and (2) for covered banks with total consolidated assets of $50 billion or more. On April 14, 2014, the Federal Register published a final rule by FDIC that will revise and replace the FDIC's risk-based and leverage capital requirements to be consistent with agreements reached by the Basel Committee on Banking Supervision in "Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems" (Basel III). The revisions include implementation of a new definition of regulatory capital, a new common equity tier 1 minimum capital requirement, a higher minimum tier 1 capital requirement, and, additional requirements for banking organizations subject to the Advanced Approaches capital rules. All banking organizations that are not subject to the Advanced Approaches Rule must begin to comply with the revised capital framework on January 1, 2015. In light of the finalization of the Basel III capital rules, the FDIC is revising the FDIC DFAST-14A reporting templates by adding data items, deleting data items, and redefining existing data items. These changes will (1) provide additional information to greatly enhance the ability of the FDIC to analyze the validity and integrity of firms' projections, (2) improve comparability across firms, and (3) increase consistency between the FR Y-14A reporting templates and DFAST-14A reporting templates.

None
None

Not associated with rulemaking

  79 FR 58780 09/30/2014
79 FR 75152 12/17/2014
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 26 26 0 0 0 0
Annual Time Burden (Hours) 122,368 122,368 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

No
No
No
Yes
No
Uncollected
Gary Kuiper 202 898-3877 gkuiper@fdic.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/18/2014


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